Trust Under Will of Reuben W Leonard for University of Toronto
Private foundation · Toronto, Ontario · BN 892334640RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($15,490) as filed with the CRA.
Trust Under Will of Reuben W Leonard for University of Toronto is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending November 30, 2024, it reported $13K in revenue and $15K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 24% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $11K in 2024, the largest being $11K to The Governing Council of the University of Toronto. Its filed list of directors and trustees shows 1 name.
In its own words
To produce funds to the university of toronto for scholarships as per the terms of the will.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $13K | $15K | — | — | $11K | $248K |
| 2023 | $15K | $16K | — | — | $11K | $251K |
| 2022 | $14K | $16K | — | — | $11K | $252K |
| 2021 | $13K | $27K | — | — | $22K | $254K |
| 2020 | $16K | $5,007 | — | — | — | $268K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, November 30, 2024
- Investment income$10,282
- Other income$373
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $11K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Canada Trust (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Trust Under Will of Reuben W Leonard for University of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892334640RR0001), or read how we compute the receipt.